China's social e-commerce to reach 170 bln dollars in 2018

          Source: Xinhua| 2018-07-21 10:50:12|Editor: Chengcheng
          Video PlayerClose

          BEIJING, July 21 (Xinhua) -- China's social e-commerce will reach 1.14 trillion yuan (170 billion U.S. dollars) in 2018, with a year-on-year increase of 66.7 percent, according to a report by the 2018 China Internet Conference earlier this month.

          Social e-commerce, which emerged in 2013 in China, combines social media with e-commerce. E-commerce platforms Xiaohongshu and Pinduoduo are two examples.

          Xiaohongshu users post their purchase, others who like the items can directly go to the product page by clicking tags. On Pinduoduo, users post the items they want to buy and invite others to cut the price by buying the same items or clicking on the posts.

          The report predicted that more than 30 million people will work in the social e-commerce industry in 2018, 50.2 percent more than 2017.

          China has the world's largest e-commerce market, with online retail sales growing 32.2 percent year on year in 2017 to reach 7.2 trillion yuan.

          Data provided by the Ministry of Commerce showed that, by 2020, online retail sales will reach 9.6 trillion yuan, while social e-commerce sales are expected to account for 31.3 percent.

          TOP STORIES
          EDITOR’S CHOICE
          MOST VIEWED
          EXPLORE XINHUANET
          010020070750000000000000011100001373392871
          无码人妻一区二区三区四区av_亚洲精品911在线永久观看_精品一区二区国产在线观看_日韩不卡一区二区视频在线

                  在线精品国产大象香蕉网 | 五月婷婷综合网 | 在线看午夜福利网站 | 午夜福利在线不卡 | 久久人精品婷婷香蕉 | 日本深夜福利在线观看不卡高清 |